Archive for August, 2008

Buy low and sell high but is it the right time?

Written by Timothy Blake on August 20, 2008 under Economic Impact

Mortgage applications fell to an eight-year low last week as Americans delay or abandon purchases and fewer people seek to refinance their loans. I suppose most Americans think home prices will go even lower. The age old theory of buying low and selling high still holds true. What do you think Americans are afraid of? Or do you think it is possible that mainstream America is still buying and selling? Perhaps the indicators reflect a lack of investors, jumbo loans, and mortgage broker aggressiveness.

Naked short sale emergency protection

Written by Timothy Blake on August 16, 2008 under Government Positions

The SEC ordered that before anyone could execute a short sale in any of 19 stocks on its list, the hopeful short seller had to locate shares that could be borrowed. Here is a list of those targeted for naked short sale emergency protection:

Freddie Mac Compensation Adds Murky Layer

Written by Timothy Blake on August 01, 2008 under Archives, Economic Impact, Editorial

Freddie Mac announced yesterday that it would double compensation paid to mortgage servicers for each workout that helps avoid foreclosure of a mortgage owned by Freddie Mac. In order to qualify for the reimbursement, the mortgage must be at least 90 days delinquent. An independent third party vendor must make the outreach and the servicer has to have had no prior contact with the borrower.

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